Consumer-oriented companies will be compelled to lower prices despite new tariffs from the White House squeezing them to do the opposite, CNBC’s Jim Cramer on Wednesday told investors.”You keep hearing that companies will have to raise prices with tariffs — that’s wrong,” he said. “What they really need to do is cut prices, or their stuff isn’t going to move off the shelves.”Even before President Donald Trump slapped hefty tariffs on U.S. suppliers and trading partners, consumers were fed up with high-priced goods, Cramer said. Shoppers even bristled at the price of potato chips, he said, citing pessimistic sentiment about…
Author: usaeverydaylife
Nibs, etc. granola on sale at U.K. grocery store Waitrose.WaitroseWasted food is a big problem. More than 1 billion tonnes was thrown away in 2022 by households, retailers and food service companies, according to figures published by the U.N.’s Environment Program in 2024. It’s expensive too: The World Bank estimated that lost or wasted food cost $1.2 trillion in 2020.It’s an issue that food entrepreneur Chloe Stewart first became aware of as a young adult traveling to different parts of the world. Seeing plates piled high in places like Beijing and Boston and having a sense that “there’s no way…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of the Siliconware Precision Industries Co. (SPIL) Tan Ke Plant in Taichung, Taiwan, on Thursday, Jan. 16, 2025. An Rong Xu | Bloomberg | Getty ImagesA day after Nvidia revealed it would incur $5.5 billion in costs related to canceled orders for the H20 chip, which the government said this week requires a license to export to China, the company said it abides by rules on where it can sell its artificial intelligence processors.”The U.S. government instructs American businesses on what they can sell and where —…
A week ago, President Donald Trump signed an executive order targeting former Cybersecurity and Infrastructure Security Agency Chief Chris Krebs, and calling on the government to suspend the security clearances of any entities with whom he’s associated. The order specifically named SentinelOne, Krebs’ employer.On Wednesday, Krebs announced his resignation from SentinelOne, a cybersecurity company with a $5.6 billion market cap. While Krebs said the choice was his alone, his swift departure is the latest example of the effect Trump is having on the private sector when it comes to pressuring people and institutions that he personally dislikes.Krebs had served as…
Electricity demand should prove resilient even if President Donald Trump’s trade war triggers a recession, according to Morgan Stanley. “We believe power demand trends are more durable than in prior cycles, in part due to the inelasticity of data center demand,” analysts led by Andrew Percoco told clients in a Monday note. “Industrial demand could decline in the near term, but reshoring of manufacturing is a long-term tailwind.” Wall Street’s bullish outlook for power demand has been a key pillar of the investment case for many energy stocks over the past 12 months. Morgan Stanley, for example, sees electricity consumption…
‘Fast Money’ traders talk market volatility renewed following comments from Fed Chair Powell. Source link
The logo on a new Ford vehicle for sale at a Ford dealership in Thousand Oaks, California, US, on Friday, April 11, 2025. Jill Connelly | Bloomberg | Getty ImagesFord Motor may raise prices on its new vehicles if President Donald Trump’s auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters.The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month through June 2. The program will continue, but pricing on new models produced in May and beyond may change, the memo said.Automotive News first reported news of the memo.”Customers will have a lot of choices, and we have plenty…
Despite the dollar’s slide to a multiyear low, Piper Sandler says it is still confident on the currency. The dollar index , which measures the greenback against a basket of major currencies, fell last week to its lowest point since April 2022 amid heightened uncertainty from President Donald Trump’s tariffs. Since the start of the month, the yen and the euro have each strengthened more than 4% relative to the dollar. .DXY 5D mountain Dollar index over the last 5 days Although the dollar is typically viewed as a safe-haven asset — meaning it usually appreciates amid heightened volatility —…
Investors have flocked to consumer staples stocks in search of safety as volatility shakes the market, but Bank of America said there are other defensive sectors worth consideration. President Donald Trump’s raft of “reciprocal” tariffs announced on April 2 have weighed on stocks, with the S & P 500 down about 7% since then. The shake-up of U.S. trade policy has also fueled concern over a looming recession . Investors have fled to consumer staples stocks in search of stability, a typical move during periods of macroeconomic uncertainty. Consider that Coca-Cola and Costco have advanced 15% and 5.6% in 2025,…
